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You’re Invited To Tekedia Mini-MBA Graduation Lecture

By
Ndubuisi Ekekwe
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0

Tekedia Institute is very excited to invite the general public to Tekedia Mini-MBA edition 9 graduation lecture on Saturday, Dec 3 at 7 pm WAT. Over the last 12 weeks, our learners have mastered the mechanics of markets, and acquired skills and knowledge systems from executives in leading global and local companies, on innovation, business growth and operational execution. More than 80 faculty taught in this edition in both our pre-recorded and live sessions.

In this graduation ceremony, Lead Faculty of Tekedia Institute, Ndubuisi Ekekwe, will deliver a graduation message titled  “Building Category-King Companies and Winning in Business”. Here are the details:

  • Graduation Lecture: Building Category-King Companies and Winning in Business
  • Date/Time:  Sat, Dec 3 | 7pm – 8.30pm WAT
  • Presenter: Prof Ndubuisi Ekekwe
  • Zoom Link – here

This is a public event and is rated E for everyone.  Come and celebrate with our learners as they graduate this Saturday in Africa’s temple for the mastery of business and entrepreneurial capitalism.

To join the next edition of Tekedia Mini-MBA which begins on Feb 6, 2023, go here and register; massive discounts are available before the early bird ends.

Cardano (ADA) & Polygon (MATIC) Struggle To Yield Profit As Snowfall Protocol (SNW) Announce 100% Bonus On Investments!

By
TI Partners
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0

As the crypto community braces for the prolonged market dip, investors have been forced to reassess their portfolios and look for opportunities to increase profitability. While most coins are shedding value in anticipation of further depreciation, a few projects are instead rewarding existing token holders with special bonuses on investments. The result? A surge in demand for those coins, and is a great opportunity for investors looking for exponential gains. Let’s take a closer look at Cardano (ADA), Polygon (MATIC), and Snowfall Protocol (SNW) to see why their recent moves are driving their price predictions.

Snowfall Protocol (SNW) Announcement

First, let’s take a look at the Snowfall Protocol (SNW) announcement that sent the crypto community into a frenzy. Snowfall Protocol announced a 100% bonus on all new investments. The bonus was accompanied by an assurance that all investors will receive a double ROI as if they had invested without the bonus. This has led to a surge in demand for  Snowfall Protocol (SNW)  tokens and a sharp spike in its demand. The announcement has had such a positive impact on the token that it is drawing a lot of attention from investors of Cardano (ADA) and Polygon (MATIC) as well. This is also because of the fact that Snowfall is a new protocol backed by a strong team and historically that further increases investors’ probability of better returns. In contrast, both Cardano and Polygon are highly established projects with proven track records. So what’s behind the sudden demand for  Snowfall Protocol (SNW)  tokens?

About Snowfall

 Snowfall Protocol (SNW)  is a cross-chain bridge ecosystem allowing users to securely swap assets between blockchains. Snowfall Protocol is designed to optimize the security model between asset transfers, making it the most efficient cross-chain bridge available. Snowfall Protocol is also the first cross-chain transfer ecosystem built for fungible and non-fungible tokens. Snowfall will launch on Pancake Swap with iOS and Android apps in phase 2.

Cardano (ADA) & Polygon (MATIC) Struggle In Crypto Market

Now let’s take a look at Cardano (ADA) and Polygon (MATIC). Both coins have performed well in the past. However, their recent struggles in the market point toward growth issues. Cardano (ADA) is currently ranked as the 9th largest coin by market cap and has a price of $0.3104 at the time of writing. It has a daily trading volume of $220 million. In the last 3 months, the price of Cardano dropped from $0.4 to $0.31. Polygon (MATIC) is ranked 10th with a market cap of $7.2 billion and a price of $0.8263. It has a trading volume of $299 million in the last 24 hours at the time of writing. In the last 3 weeks, the price of Polygon fell from a peak of $1.25 to $0.82.

Why Cardano (ADA) and Polygon (MATIC) Are Struggling?

There are several factors that may be behind the difficulty of Cardano (ADA) and Polygon (MATIC) in performing in the current market. For one thing, both coins have performed well in the past. Investors may be offloading their coins to prevent further lows so that they can avoid losses. This could be preventing the coins from gaining momentum. Another possibility is that less experienced investors hold these coins. These investors may need help to recognize the growing pains that accompany rapid growth. So, even though Cardano and Polygon have demonstrated a high level of functionality, they may be struggling more in the future.

Why buy Snowfall (SNW) protocol token

So, why buy  Snowfall Protocol (SNW)  even though it’s an unproven protocol and has a low market cap? Well, Snowfall is a protocol that will be integrated into other DEXs. This means that the value of  Snowfall Protocol (SNW)  will likely increase by the same amount as the demand for DEXs and decentralized exchanges. In other words, the more DEXs or decentralized exchanges that use Snowfall, the more valuable the  Snowfall Protocol (SNW)  token will become. DEXs are expected to grow in popularity as the crypto market matures. This means that Snowfall has the potential to become a major player in the exchange ecosystem. It has the potential to grow just as quickly as the DEX ecosystem does. In the meantime, investors who buy  Snowfall Protocol (SNW)  tokens will also enjoy a limited-time bonus.

Conclusion

The young nature of the  Snowfall Protocol (SNW)  project makes returns probable up to 1000x on the coin. Cardano (ADA) and Polygon (MATIC) also have a promising future but investors will be able to generate 10-15% when the market starts correcting. The recent 100% bonus for investments on Snowfall is time-sensitive and rare for crypto projects, and we believe the token will soon be subscribed. Those wanting to invest in the  Snowfall Protocol (SNW)  protocol must act quickly.

 

Presale: https://presale.snowfallprotocol.io

Website: https://snowfallprotocol.io

Telegram: https://t.me/snowfallcoin

Twitter: https://twitter.com/snowfallcoin

Pathway on Resolving the Genesis; Gemini Exchange ‘Earn’ Insolvency

By
Paul Ugbede Godwin
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0

Sources tell The Block crypto trading firm Genesis Trading—which has been struggling to raise emergency capital to shore up its lending unit’s liquidity profile—has slashed its raise target from $1bn to $500 million. Its faces potential bankruptcy if funding isn’t secured.

DCG’s health begins and ends with Genesis, DCG negotiates resolution with Genesis creditors, everyone avoids bankruptcy, and DCG survives. Creditors reject deal, Genesis goes into bankruptcy, years of court battles, likely same (bad) result for DCG.

The latter situation is what everyone is assuming right now. That’s bad, I don’t see it being survivable for DCG reputation-wise.

Still no access to withdraw rewards from the Genesis Earn Program, All funds are stuck down. Relatively Gemini sent an E-mail to customers last Monday stating no exposure to FTX/FTT. It was carefully worded to avoid any mention of one of the most popularly advertised products, Earn, which had counterparty risk. Presumably they purposefully gave customers a false sense of security.

The Gemini name gave a false sense of security, in hind sight they should have labeled it as ‘You are now leaving Gemini for a third party..” we risk 100% of our capital to make 2% annually somehow that wasn’t very clear.

Bad middleman and agent in this episode are only interested in making fees from the Earn program using client funds/coins. To think many had trusted them so much as their marketing message is always ‘1:1’ safe for funds on their exchange but never emphasizing that Earn is not.

Gemini Exchange, should not had carried on with Earn program with client funds when Genesis is exposed to 3AC and LUNA crash, now Alameda Research- FTX Implosion. Should had help clients redeem their coins lent to Genesis, a breach of Fiduciary duties. Though, the Terms and Conditions stated the funds being lent to Genesis, the marketing material used the ‘Gemini’ branding, there were other material info on their site/app ensuring risk management, governance, auditing etc. where Gemini failed.

DCG, would be saving itself temporarily, but fighting against creditors who believed DCG fully backstopped Genesis. Genesis creditor settlement is a bitter pill to swallow, but arguably better for all parties. Andrew tweeted, DCG owns Genesis and (a little legal nuance) Grayscale. Lots of internal conflicts for creditors and investors should worst case play out.

Basically, DCG argues they’re a creditor on equal footing to external creditors without Genesis. Structure depends on fine print; DCG says “we all take the same haircut, ride or die.”

How much of a haircut do you think Genesis creditors will have to take? How much of DCG do you think they’d have to issue as warrants? I don’t think Gemini can cover all the coins in Earn program and if most customers stop trading on their exchange platform they will be out of revenue. Won’t suprise me that they go belly up in months, well played Binance in crushing your rivals.

It seems better for everyone to make creditors shareholders than to blow the whole thing to hell and take the Crypto Market along for the ride. If Genesis creditors can agree to terms, everyone has more liquidity today, less legal fees (maybe), shared damage.

One reason there might be a likely pathway is if DCG has some long-dated assets to offer with real upside not linked to 3AC/FTX/Alameda bankruptcy claims+ Warrants in DCG and Grayscale, this is highly recursive. Data providers only know cold wallets. Hope they move client funds in fewer wallets rather than many one-time used wallets for transparency. Gemini removed their message about working with Genesis to resolve the GeminiEarn issue on the mobile app.

If creditors agrees to Genesis resolution, then the DCG assets become more valuable. That’s because it’s likely that DCG can raise outside capital if and only Genesis liabilities are defined, limited, and contained. DB tweeted, similarly Barry Silbert’s Letter to Investors stressed that “Genesis board hired financial and legal advisors and the firm is exploring all possible options amidst the fallout from the implosion of FTX.”

Despite FTX Collapse, Billionaire Mark Cuban Believes Crypto Still Has A Lot of Value

By
Ojukwu Emmanuel
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0

Following the collapse of FTX which has negatively impacted the crypto industry, American Billionaire Entrepreneur Mark Cuban believes that crypto still has a lot of value.

Cuban, who has endorsed crypto investments, investing heavily in several projects and firms in the industry, disclosed that people should not be discouraged by the FTX collapse, rather they should ignore the noise and look at the big picture.

In a recent interview, he said “Separate the signal from the noise. “There’s been a lot of people making a lot of mistakes, but it doesn’t change the underlying value.”

He further stated that, as long as investors have viable options in the crypto world, he doesn’t foresee virtual assets going into oblivion.

Mark Cuban is one of those billionaires who believe that investing in crypto is a good investment idea, unlike some other billionaires like Warren Buffet and Bill gates who feel otherwise.

Cuban has in the past specifically listed Bitcoin and Ethereum as potential coins for crypto traders to invest in. He owns some crypto assets and has made investments in several blockchain companies.

Despite his endorsement of crypto investment, Cuban believes that the amount of money one should use to buy virtual currencies should be limited, i.e traders should invest the money that they can afford to lose.

Following his advice on the FTX collapse, several other crypto investors share the same opinion with him, as they disclosed that the FTX collapse is not a crypto failure but a scammer taking advantage of investors and the lack of regulation.

On the other hand, the FTX collapse has plummeted the prices of crypto assets to an all-time low, which has reduced investors’ confidence in the industry. The crypto market was already in an awful state even before the FTX collapse.

The crypto exchange platform collapse further fueled volatility, as there have been big volatility results in the prices of tokens, meanwhile a big number of traders are taking advantage of it.

On the other hand, so many retail investors have withdrawn their assets, while institutional investors linked to FTX and its sister company Alameda Research are still determining their losses from their exposure to Sam Bankman-Fried’s empire.

In the Bahamas, following the collapse of FTX which was headquartered in the small island country, Bahamians are still trying to find a way to make sense of the recent upheaval.

Reports reveal that the sudden collapse of the crypto exchange platform has left a trail of unemployment in the country.

The Latest G5 Governors’ Fashionista in Nigeria

By
Ndubuisi Ekekwe
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1

The G5 Governors of Nigeria have been trumpeting cultural fashionista as they move from Rivers to Benue, Oyo, Enugu and now Abia. During a PDP campaign gala night last week, the five men showcased another style. As I look at this photo, I can see  “jioji” – one of the most important classes of wrappers in Igbo tradition..Jioji is rooted in Igbo tradition and mythology and it symbolizes purity, valor, guidance and atonement.

When a young lady is being married, of all gifts, a jioji must be included; it is a symbol that I have come with a pure heart to make you part of my family.  After warfare and going to the Ikoro (the highest enclave where only brave men are initiated), men are dressed in jioji. Also, during festivals, the men who guide the highest masquerades are dressed with some jioji. Traditionally, elders use the jioji for sacrifices. Largely, jioji is revered and it is more than a wrapper! (Painfully, during funeral rites, without providing jioji, nothing has happed.)

In ancestral Igbo, there is no space for trousers; you have oja and “iwa ogodo”. This design here is actually a Nollywood-like creation even though many have hailed it as a traditional Igbo attire. The designer cleverly  avoided areas that would have caused problems for any politician: no red cap (a symbol of authority) with an eagle feather (blameless authority and respect).  Also, no staff and elephant tusk (the highest level of social respect in Igbo Nation) were used. They only carried swords which are “common symbols” in Igbo Nation.

If you read Chinua Achebe’s Okike, a collection which includes some of his important writings on Igbo tradition, and connect it to works of Prof FC Ogbalu, a dean of modern Igbo language and culture who super-headed Igbo Izugbe, you will weep for what Nollywood has done to Igbo culture. But do not blame Nollywood as they need to grow their markets. Interestingly, politicians have the memo: you can create evolving designs as part of modern culture. It is all good provided it comes with good governance.

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